📢 Trump’s 25% Tariff on India: Understanding India-US Trade Diplomacy
🗓️ US President Donald Trump announced a 25% tariff on all Indian imports effective August 1, 2025.
📈 The announcement refers to factors such as the US trade deficit with India, agricultural trade measures, India’s participation in BRICS, and its trade in energy and defence with Russia.
📦 Key affected sectors: electronics, pharmaceuticals, textiles, gems & jewellery.
📊 India-US trade: $131.8 billion in 2024-25, with a $45.7 billion US trade deficit.
🌏 India faces higher tariffs than Japan, South Korea, and Vietnam, impacting competitiveness.
📉 Concerns include supply chain disruptions and reduced export competitiveness.
👉 To read more, visit: https://www.visionias.in/blog/current-affairs/trumps-25-tariff-on-india-understanding-india-us-trade-diplomacy
#IndiaUSTrade #Tariffs #GlobalEconomy #TradeDiplomacy #InternationalTrade #USIndiaRelations #VisionIAS #VisionIASCurrentAffairs #UPSCCurrentAffairs
🗓️ US President Donald Trump announced a 25% tariff on all Indian imports effective August 1, 2025.
📈 The announcement refers to factors such as the US trade deficit with India, agricultural trade measures, India’s participation in BRICS, and its trade in energy and defence with Russia.
📦 Key affected sectors: electronics, pharmaceuticals, textiles, gems & jewellery.
📊 India-US trade: $131.8 billion in 2024-25, with a $45.7 billion US trade deficit.
🌏 India faces higher tariffs than Japan, South Korea, and Vietnam, impacting competitiveness.
📉 Concerns include supply chain disruptions and reduced export competitiveness.
👉 To read more, visit: https://www.visionias.in/blog/current-affairs/trumps-25-tariff-on-india-understanding-india-us-trade-diplomacy
#IndiaUSTrade #Tariffs #GlobalEconomy #TradeDiplomacy #InternationalTrade #USIndiaRelations #VisionIAS #VisionIASCurrentAffairs #UPSCCurrentAffairs
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